DALLAS, April 13, 2010 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring International Coal Group Inc. (NYSE:ICO). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The report is available at: http://www.beaconequity.com/i/ICO
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International Coal Group Inc. (ICO) is a producer of coal in Northern and Central Appalachia with a range of mid to high British thermal unit (Btu), low to medium sulfur steam and metallurgical coal. The Company's Appalachian mining complexes are located in West Virginia, Kentucky, Virginia and Maryland. It also has a complementary mining complex of mid to high sulfur steam coal located in the Illinois Basin. ICO markets its coal to a customer base of largely investment grade electric utilities, as well as domestic and international industrial customers.
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In the report, the analyst notes:
"Revenues for the years ended December 31, 2009, and December 31, 2008, each totaled $1.1 billion. The Company reported 2009 Adjusted EBITDA of $201.7 million, the highest level in Company history, compared to $127.2 million for 2008. Net income for 2009 was $21.5 million, or $0.14 per share on a diluted basis, versus a net loss for 2008 of $26.2 million, or $0.17 per share on a diluted basis.
"ICO recently announced the final results of the Company's previously announced cash tender offer for any and all of the $139.5 million aggregate principal amount of its outstanding 9.00% Convertible Senior Notes due 2012 (CUSIP Nos. 45928HAD8, 45928HAE6) (the "Convertible Notes"), which expired at midnight, New York City time, on April 5, 2010 (the "Expiration Time")."
To read the entire report visit: http://www.beaconequity.com/i/ICO
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